Question
Udyog Plus, an MSME-focused portal provides capital and
other business solutions to small businesses, including investments, advisory services, and utility services.Which bank has launched this portal?Solution
Aditya Birla Capital launched Udyog Plus, an MSME-focused portal. The portal provides capital and other business solutions to small businesses, including investments, advisory services, and utility services. It offers online loans up to Rs 10 lakhs to MSMEs through various product offerings such as supply chain finance and transaction-based loans. Loans up to Rs 2 lakhs are provided without collateral or documentation. For loans above Rs 2 lakhs, MSMEs are required to submit financial statements, ITR, and GST returns.
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